Canberra adviser rolls out pilot project to engage GenYsBY LAURA MILLAN | MONDAY, 2 DEC 2013 11:50AMAn MLC financial adviser based in Canberra has come up with Cashflow Coach, a pilot program designed to engage GenYs in financial planning. Related News |
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Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
There are plenty of things that young people should do to take care of their financial affairs. A budget planner is a good start, as are some simple high level rules:
- sign a pre-nuptial agreement
- pay off debt before saving - especially credit card debt
- avoid getting into debt if you can
etc
My personal favourite is 'start saving for your pension sooner rather than later' - and if you don't believe me, you can explore the impact of your pension saving decisions using an online calculator, and notice the impact of charges, of making larger contributions and delaying your retirement....
You may also want to explore the impact of inflation.